It’s unfortunately official, President Obama lied when he told Americans that ObamaCare would not affect their health care plans. Millions of Americans will definitely lose their health care plans, just as the Republicans have been warning.
Barack Obama had promised in 2009, “if you like your health plan, you will be able to keep your health plan,” was still saying in 2012, “If [you] already have health insurance, you will keep your health insurance.” But those were lies, plain and simple.
People’s Pundit Daily had crunched the numbers last week when the total number of Americans receiving cancelation notices pushed one million, but now NBC News has reported on further information that proves Obama knew he was telling the American people a bunch of lies.
According to the report, four sources who are “deeply involved” in ObamaCare told NBC News approximately 50 to 75 percent of the 14 million consumers who buy their insurance individually can expect to receive a “cancellation” letter throughout this year and the next.
The reason that private insurance is dropping individuals is due to collectivist-based provisions that require existing policies to meet ObamaCare’s absurd standards.
Some of those standards include mandating men pay for birth control, prenatal care, and women pay for prostate check ups. Not unless the man’s anatomy has changed where they can finally give birth (that would truly be amazing if not disturbung), these mandates only serve to cause private health insurance companies to lose the ability to maintain the vast majority of their private enrollees.
While they are oft-described as unintended consequences of the law, in reality, they were completely intentional. The ObamaCare model is predicated off of the premiums of millions of Americans will private insurance, and never had a chance at solvency without them.
In other words, it was by design that upwards of 14 million Americans will be receive a cancellation notice. In the near term, the 50 – 75 percent estimate represents 7 – 12 million Americans.
One of the experts Robert Laszewski believes it will be more severe, with that number reaching as high as 80 percent. All the experts do agree on the fact, that much of those forced to buy pricier new policies will experience “sticker shock.”
ObamaCare regulations dating back to July 2010 is a HHS estimate, which states that because of normal turnover in the individual insurance market, “40 to 67 percent” of customers will be unable to keep their policy. As it turns out, that was a low estimate.
Several policies have been changed since the key date, the percentage of individual market policies will lose their “grandfather status” in a year will exceed the 40 to 67 percentage range.
Health Policy and Strategy Associates consultant Robert Laszewski states,“this says that when they made the promise, they knew half the people in this market outright couldn’t keep what they had and then they wrote the rules so that others couldn’t make it either.”
Laszewski estimates that 80 percent of those on in the individual market will have to buy insurance that meets the ObamaCare Essential Health Benefits Standards, which generally requires a richer package of benefits than most policies today.
Crunching the numbers, and PPD takes no pleasure in predicting that Laszewski is probably closer to the mark. From-loaded costs associated with lop-sided Medicaid enrollees will no doubt cause insurers to change specific provisions, which will cause people to lose those current plans and force them to shop in the so-called ObamaCare “exchanges.”